The combined market valuation of eight of the 10 most valued domestic firms eroded by Rs 2 lakh crore last week, with Reliance Industries taking the biggest hit in line with a bearish trend in the broader stock market. Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day in a … Read more
Union Finance Minister Nirmala Sitharaman on Monday attacked Congress MP Rahul Gandhi over his “stupid self-confidence.” Her remarks came just hours after the Leader of Opposition in Lok Sabha claimed that China “is sitting inside the country” due to the failure of the Make-In-India initiative. Congress MP and Leader of Opposition in Lok Sabha, Rahul … Read more
Indian benchmark indices ended Monday on a positive note aided by banks and financial services stocks. Individually, Kotak Mahindra Bank, HDFC Bank and Bajaj Finance did the heavy lifting. While the S&P BSE Sensex settled at 77,073.44, up by 454.11 points or 0.59%, the broader Nifty closed at 23,344.75, higher by 141.55 points or 0.61%. … Read more
Vijay Mallya puts up post on social media saying this amount was more than twice the debt adjudicated by courts. File. | Photo Credit: Reuters Taking a swipe at Finance Minister Nirmala Sitharaman for her statement in Parliament that banks recovered Vijay Mallya’s assets worth ₹14,131.6 crore and returned to public sector banks, the fugitive … Read more
Nisus Finance Services Co Ltd on Friday said it aims to raise over Rs 114 crore through its initial public offering (IPO) which will open for subscription on December 4. The issue, with a price band of Rs 170 to Rs 180 per share, will conclude on December 6. The anchor book bidding will open … Read more
Union Finance Minister Nirmala Sitharaman attended the inauguration of Mysuru Sangeetha Suganda Music Festival, at the KSOU Convocation Hall in Mysuru, on November 8, 2024. | Photo Credit: File photo Union Finance Minister Nirmala Sitharaman listed out six points to emphasise that Karnataka, and particularly Mysuru, a tourist hub, were not neglected by the Centre. … Read more
The aggregate interest coverage ratio for India Inc hit a nine-quarter high in the recently concluded quarterly results season following a sustained double-digit growth in the operating profit and deceleration in the interest expense. The ratio was 4.9% in the June quarter for a sample of 2,695 companies excluding banks, finance companies, and oil and … Read more
The State government will not make deductions from the salaries of government employees who have not given their consent for contributions to the Chief Minister’s Distress Relief Fund, Additional Chief Secretary (Finance) A. Jayathilak said on Saturday. The government had urged employees to contribute five days’ salary to the CMDRF in connection with a salary … Read more
Let’s start with your personal story I come from a family of engineers and I surprised my parents by not pursuing my engineering academic learnings professionally. I completed my Master of Management Studies (MMS) from the BITS, Pilani. My college is renowned for its rigorous academic programs and emphasis on both theoretical and practical knowledge, … Read more
Mumbai: Mahindra & Mahindra Financial Services reported a 10% year-on-year fall in profit in the quarter to March amid a sharp rise in provisions and higher finance costs. Standalone net profit fell to ₹619 crore in the quarter from ₹684 crore a year ago, largely as total provisions increased to ₹341 crore in March 2024 … Read more